ERII (Energy Recovery) ROCE % : 11.94% (As of Sep. 2024)

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What is Energy Recovery ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Energy Recovery's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.94%.

Energy Recovery ROCE % Historical Data

The historical data trend for Energy Recovery's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Energy Recovery ROCE % Chart

Energy Recovery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.61

19.24

7.23

12.65

8.86

Energy Recovery Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															18.23	37.67	-19.07	-3.53	11.94

Energy Recovery ROCE % Calculation

Energy Recovery's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	19.05	/	( ( (217.039 - 18.302)	+	(252.974 - 21.471) )	/ 2 )
	=	19.05	/	( (198.737	+	231.503)	/ 2 )
	=	19.05	/	215.12
	=	8.86 %

Energy Recovery's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	28.228	/	( ( (249.043 - 20.029)	+	(262.705 - 18.871) )	/ 2 )
	=	28.228	/	( ( 229.014	+	243.834 )	/ 2 )
	=	28.228	/	236.424
	=	11.94 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Energy Recovery (NAS:ERII) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Energy Recovery ROCE % Related Terms

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Energy Recovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Energy Recovery Inc (NAS:ERII) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

500:Germany

Address

1717 Doolittle Drive, San Leandro, CA, USA, 94577

Website

https://www.energyrecovery.com

Energy Recovery Inc is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing and supplying solutions that make industrial processes more efficient and sustainable. The company operates in three segments, Water, Emerging Technologies and Corporate. It offers energy recovery devices (ERDs) and pumps as well as related products and services to the global reverse osmosis desalination market. The company derives a majority of the revenue from the Water segment. Geographically, the company operates in the U.S. and other international countries.

Executives

Rodney Clemente	officer: VP, Global Desalination Sales	1717 DOOLITTLE DRIVE, SAN LEANDRO CA 94577
Farshad Ghasripoor	officer: Chief Technology Officer	1717 DOOLITTLE DRVIE, SAN LEANDRO CA 94577
David W Moon	director	2800 BELCLAIRE DRIVE, FRISCO TX 75034
William Yeung	officer: General Counsel	1717 DOOLITTLE DRIVE, SAN LEANDRO CA 94577
Arve Hanstveit	director	C/O ENERGY RECOVERY, INC., 1908 DOOLITTLE DRIVE, SAN LEANDRO CA 94577
Joshua Ballard	officer: Chief Financial Officer	1717 DOOLITTLE DRIVE, SAN LEANDRO CA 94577
Mao Robert Yu Lang	director	2218 JACKSON AVENUE, APT 718, LONG ISLAND NY 11101
Joan Kai Chow	director	215 W DIEHL ROAD, NAPERVILLE IL 60563
Sabol Colin R	director	9921 MONTIANO DRIVE, NAPLES FL 34113
Pamela L. Tondreau	director	198 CHAMPION COURT, SAN JOSE CA 95134
Lisa A Pollina	director	950 N. MICHIGAN AVENUE, UNIT 2305, CHICAGO IL 60611
Sherif Foda	director	C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Alexander J Buehler	director	C/O INSITUFORM TECHNOLOGIES, INC., 17988 EDISON AVENUE, CHESTERFIELD MO 63005
Ole Peter Lorentzen	10 percent owner	POSTBOKS A, BYGD0Y, OSLO Q8 0211
Emily Smith	officer: VP, Marketing	1717 DOOLITTLE DRIVE, SAN LEANDRO CA 94577